Janney Montgomery Scott LLC Has $3.77 Million Stock Position in Conagra Brands $CAG

Janney Montgomery Scott LLC reduced its holdings in Conagra Brands (NYSE:CAG) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 184,085 shares of the company’s stock after selling 4,596 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Conagra Brands were worth $3,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CAG. Alpine Bank Wealth Management acquired a new position in Conagra Brands in the 1st quarter valued at approximately $26,000. Capital Advisors Ltd. LLC increased its position in Conagra Brands by 82.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,001 shares of the company’s stock valued at $27,000 after acquiring an additional 452 shares during the period. MJT & Associates Financial Advisory Group Inc. acquired a new position in Conagra Brands in the 1st quarter valued at approximately $27,000. Golden State Wealth Management LLC increased its position in shares of Conagra Brands by 235.2% during the first quarter. Golden State Wealth Management LLC now owns 1,056 shares of the company’s stock worth $28,000 after buying an additional 741 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Conagra Brands during the first quarter worth $34,000. 83.75% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on CAG. Sanford C. Bernstein set a $21.00 price objective on shares of Conagra Brands and gave the stock a “market perform” rating in a research report on Friday, July 11th. Evercore ISI decreased their price objective on shares of Conagra Brands from $24.00 to $23.00 and set an “in-line” rating for the company in a research report on Wednesday, September 24th. JPMorgan Chase & Co. began coverage on shares of Conagra Brands in a research report on Wednesday, August 20th. They set a “neutral” rating and a $20.00 price objective for the company. Royal Bank Of Canada reiterated a “sector perform” rating and set a $22.00 price objective on shares of Conagra Brands in a research report on Thursday, October 2nd. Finally, UBS Group decreased their price objective on shares of Conagra Brands from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, September 24th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $21.92.

Conagra Brands Price Performance

CAG opened at $18.93 on Wednesday. The company has a market capitalization of $9.05 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.78 and a beta of 0.03. The company has a quick ratio of 0.44, a current ratio of 1.06 and a debt-to-equity ratio of 0.81. The firm has a 50-day moving average price of $18.95 and a 200-day moving average price of $21.47. Conagra Brands has a twelve month low of $17.89 and a twelve month high of $30.47.

Conagra Brands (NYSE:CAG) last posted its earnings results on Wednesday, October 1st. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.06. Conagra Brands had a net margin of 7.42% and a return on equity of 11.72%. The firm had revenue of $2.63 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company earned $0.53 earnings per share. The company’s revenue was down 5.8% on a year-over-year basis. Conagra Brands has set its FY 2026 guidance at 1.700-1.85 EPS. Equities analysts expect that Conagra Brands will post 2.35 EPS for the current year.

Conagra Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, October 30th. This represents a $1.40 annualized dividend and a yield of 7.4%. Conagra Brands’s payout ratio is presently 79.55%.

Conagra Brands Profile

Conagra Brands, Inc, together with its subsidiaries, operates as a consumer packaged goods food company primarily in the United States. The company operates through Grocery & Snacks, Refrigerated & Frozen, International, and Foodservice segments. The Grocery & Snacks segment primarily offers shelf stable food products through various retail channels.